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My friend the link requires some sort of sign up crap ... got a better one so I can peruse the story ???
Canceled
Global bubble BURSTS: Evergrande set for collapse causing crash worse than 2008
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I bloody well hope not but sadly it's looking more and more likely. No doubt cunts like PoliBullshitter and McMoonshi'ite will be creaming their jeans.
https://www.express.co.uk/finance/ci...pse-china-news
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My friend the link requires some sort of sign up crap ... got a better one so I can peruse the story ???
Canceled
Really I didn't need to do that.Originally Posted by Grumpy
Global bubble BURSTS: Evergrande set for collapse causing 'great reset' worse than 2008
THE global financial system is set for collapse and will be worse than the 2008 economic crash, one expert has claimed.
China Evergrande faces £221billion of debt, and one expert has claimed the company's collapse could spark the fall of the financial system. Speaking to Express.co.uk, Dr Marco Metzler from Deutsche Marktscreening Agentur (DMSA), claimed the collapse of the Evergrande is the first domino of the eventual destruction of the world financial system.
Due to the size of the property market, estimated at $55trillion (£40trillion), he claimed the collapse of China's property market, will create a worse financial meltdown than what was seen in 2008.
Dr Metzler said: "This is the first domino of the collapse of the market."
He added: "It will be even worse than the 2008 financial crash. Plus, the supply chains aren’t working and there is inflation. If the market doesn’t crash, we will have hyperinflation and that will have the same effect on the economy."
China Evergrande is one of the largest companies in the world and one of the largest in the country's property market.
Due to increased restrictions on foreign lending, Evergrande has faced several bond interest repayments.
https://www.express.co.uk/finance/ci...pse-china-news
Last edited by cancel2 2022; 11-28-2021 at 06:10 AM.
Grumpy (11-28-2021)
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You have made a valid point about the economical consequences of this very bad real estate fiasco, and this could very well spell a repeat of the great recession of 2008. You could also make your point without insulting others.
Lock Him Up
Truthmatters
This from the same idiots who were just sure the economy was fine right up until the bottom fell out in 2008
Your economic advice is fucking meaningless
You do the Austrian short bus school of economics in the Republican Party
Economics without using math
You hate math
And science
And history
And democracy
Truthmatters
https://en.m.wikipedia.org/wiki/Daily_Express
The Daily Express is a daily national middle-market[2] and conservative[3] tabloid newspaper in the United Kingdom
Truthmatters
The writer of this article is NOT the economist of the same name
It’s a conservative writer with a VERY SIMILAR name
What crap
Truthmatters
https://en.m.wikipedia.org/wiki/William_G._McLoughlin
William Gerald McLoughlin (June 11, 1922 – December 28, 1992) was an historian and prominent member of the history department at Brown University from 1954 to 1992
Oh excuse me he was a historian
And he’s dead
But this shitty crap fest employee is not him either way
Truthmatters
The right was wrong about everything last go round when it mattered
They blustered
They swaggered
They insulted anyone who warned of the economic facts last go round
Then they were proven dead evil fucking wrong
NEVER LISTEN TO THEM AGAIN
They are idiots with bad information
Truthmatters
No soup for you
And
No respect for you
Semolina comes from wheat
desh...channeling her inner Soup Nazi.
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